Replies to post #37629 on Zeev's Turnips Patch-No Politics (ZEEV)

[Patrick Bateman]

That's ok...I still dont understand why you, as a novice, are daytrading with money you cant afford to lose

Virtually Yours,

Pat Bateman

[jetcityrandy]

Tonysolomon,

Please don't underestimate mike_m's advice.

Its like being physically sick. You go to the doctor, to get help, and get better. Go to the wrong doctor (witch?) and you may not get well.

take care!

[yankee]

Patrick, the guy is desperate for a way to make some money and he is seeing other people reporting that they make money here and he wants to give it a shot. He's not smart enough to know how dangerous day trading really is.

The market will pluck him like a chicken and when he has $0 dollars left they will let him go.


Yankee

[XenaLives]

Daytrading or swing trading (which is what I am trying to do) is incredibly difficult. I've spent well over 40hrs a week for several years studying charts and trying to get to the intuitive level of interpreting them so I can trade effectively. I've developed a system for automatically downloading thousands of charts daily so I can scan them more effectively.

I've lost my shirt...

My only rational reason for continuing is that it has been a very difficult market and I feel I am learning. I will be inheriting some money in a few years and by then I hope to know what I am doing.

Best of luck to you in all.